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How to Apply for Bank of Montreal BMO Credit Card - 2023Rewards � 3% cash back on grocery purchases (maximum $15 per statement) � 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement). Here is the step-by-step procedure for using your BMO Cash Back balance earned with a BMO Cash Back credit card. With your BMO CashBack Mastercard, reward yourself with cash back to your card on every purchase you make! The more you spend, the more you earn �.